Utah Reverse Mortgage Services


Find a Council Member Providing Reverse Mortgage Services

Use the search, map, or area links below (scroll down) to find help where you live in Utah.

Reverse Mortgage & HECM Services in Utah

Northern Utah
Davis, Morgan, Weber, Box Elder and Cache Counties

Although this area is temporarily without a member to assist you we can still help you with any concerns you may have. We can also put you in contact with various elder care services in Northern Utah. Click here to Request Assistance from the Utah Eldercare Planning Council.

Salt Lake Area
Salt Lake, Summit and Tooele Counties
You can reach us at:
(801) 856-6780
Richard W. Bean

Reverse Mortgage Connection

Richard W. Bean

Seniors are facing a growing concern about what the future holds for them. Rick feels that many seniors have not been informed as to the many products and services that are available to them. He is prepared to reach out to you and your clients, and help them to make their dreams golden.

About Reverse Mortgage Connection | Contact Richard W. Bean for Help & Information

Utah County / Central Utah
Utah, Wasatch, Sanpete, Juab and Sevier Counties

Although this area is temporarily without a member to assist you we can still help you with any concerns you may have. We can also put you in contact with various elder care services in Utah County / Central Utah. Click here to Request Assistance from the Utah Eldercare Planning Council.

Southern Utah
Washington, Iron and Kane Counties

Although this area is temporarily without a member to assist you we can still help you with any concerns you may have. We can also put you in contact with various elder care services in Southern Utah. Click here to Request Assistance from the Utah Eldercare Planning Council.

Click on the Map to Locate Services

About Reverse Mortgages

    For many seniors in Utah the equity in their home is their largest single asset, yet it is unavailable to use unless they use a home-equity loan. But a conventional loan really doesn't free up the equity because the money has to be paid back with interest.

    A reverse mortgage is a risk-free way of tapping into home equity without creating monthly payments and without requiring the money to be paid back during a person's lifetime. Instead of making payments the cash flow is reversed and the senior receives payments from the bank. Thus the title "reverse mortgage".

    Many seniors are finding they can use a reverse mortgage to pay off an existing conventional mortgage, to create money for a down payment for a second home or to pay off debt. Popularity is skyrocketing. Over the last five years the number of reverse mortgages nationwide has tripled. The uses of this untapped wealth are only limited by a person's imagination.

    For those seniors who are less fortunate financially but own a home, a reverse mortgage can allow them to remain in the home by creating extra income. It can also allow for remodeling or repairs and when the time comes to sell, the investment in the home can make it more valuable.

    Continue reading about reverse mortgages...